Korea’s Hanwha Backs Karem’s eVTOL Spinoff Karem Aircraft has spun off a new company, with backing from South Korean industrial conglomerate Hanwha Systems, to develop its Butterfly electric vertical-takeoff-and-landing (eVTOL) air taxi. Karem is one of six vehicle partners working with Uber on its Elevate urban aerial ride-sharing initiative. The others are Bell, Boeing (through Aurora Flight Sciences), Embraer, Jaunt Air Mobility and Pipistrel. Backed by $25 million in ...

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